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Portkey AI Review: LLM Gateway Caching, Fallbacks, and Observability vs Helicone

Software developer analyzing code on a tablet in a modern office workspace.

Portkey’s semantic caching cut GPT-4o costs 79% in production. An honest look at Portkey vs Helicone vs LiteLLM — what each delivers, real pricing, and the retry-logic gotcha that breaks latency SLAs.